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Exploration budgets rising

BIG picture exploration economics guru Richard Schodde expects search budgets to rise 60% between now and the end of the decade, with the $10 billion spent in 2016 seen by the MinEx Consulting managing director as the bottom of the cycle.

Michael Quinn
Exploration budgets rising

Investors will be hoping the increase to $16 billion addresses the declining track record of an exploration sector where annual discoveries have fallen to about 70-80 deposits, versus the 149 found in...

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